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Promoters Financial Technologies India Ltd

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FTIL's stake sale: Forward Markets Commission to meet on May 6

 Commodity markets regulator FMC will meet on May 6 to decide the next course of action against MCX as the deadline for complying with its order to ensure that erstwhile promoter FTIL reduces its......

Govt to merge NSEL with Financial Technologies

 The government has decided to merge National Spot Exchange Ltd, which is embroiled in a Rs 5,600-crore (Rs 56-billion) payment crisis, with its holding group Financial Technologies. The crisis-hit......

Merge NSEL with Financial Technologies, says regulator

 Stating that crisis-hit NSEL is "bereft of any credibility", regulator FMC on Tuesday said it has recommended the government to consider merger of the spot commodity exchange with its promoter FTIL......

Jignesh Shah-led firm objects to property attachment by EOW

 The NSEL scam, involving Rs 5,600 crore, came to light after the now defunct exchange, promoted by Financial Technologies, failed to pay its investors in commodity pair contracts after July 31,......

CAG finds accounts clean in supplementary audit: MCX-SX

 Private bourse MCX-SX on Monday claimed that public accounts watchdog Comptroller and Auditor General of India has not made any adverse comments or observations on the auditors report in the......

Finmin issues show-cause notice to NSEL on exemptions

 The Finance Ministry has issued a show-cause notice to the National Spot Exchange Ltd, which is engulfed in a Rs 5,600-crore (Rs 56-billion) payment crisis, asking why exemptions granted to it in......

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